USD/CAD Price Analysis: Greenback remains weak vs. Canadian dollar

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USD/CAD four-hour chart

 
USD/CAD is trading below the main SMAs on the four-hour chart as bears are keeping the market below the 1.4000 figure at the start of the new trading week. More weakness could see USD/CAD travelling south towards the 1.3880 level initially followed by the 1.3820 and 1.3760 levels. On the other hand, strong resistance is seen near the 1.4000 level. In case the spot breach this level, 1.4040 and 1.4080 can come into play in the medium-term.
  

https://editorial.fxstreet.com/miscelaneous/240-637260245754444287.png

 
 
Resistance: 1.3980, 1.4040, 1.4080
Support: 1.3880, 1.3820, 1.3760
 
 

Additional key levels

USD/CAD

Overview
Today last price1.3987
Today Daily Change-0.0013
Today Daily Change %-0.09
Today daily open1.4

 

Trends
Daily SMA201.4011
Daily SMA501.4089
Daily SMA1001.368
Daily SMA2001.3446

 

Levels
Previous Daily High1.4049
Previous Daily Low1.3942
Previous Weekly High1.4114
Previous Weekly Low1.3867
Previous Monthly High1.4299
Previous Monthly Low1.385
Daily Fibonacci 38.2%1.4008
Daily Fibonacci 61.8%1.3982
Daily Pivot Point S11.3944
Daily Pivot Point S21.3889
Daily Pivot Point S31.3837
Daily Pivot Point R11.4052
Daily Pivot Point R21.4104
Daily Pivot Point R31.4159